Hospitality Experience
Feasibility Study and Operational Strategy
An owner of an operating hotel approached Horwath HTL for a short-form feasibility study to renovate and reposition the property
Project Scope
Our team was commissioned to conduct a feasibility study for a proposed hospitality development, with the aim of providing clear operational recommendations to guide the project's viability and success. The client sought expert insights to determine whether the concept aligned with market demand, financial sustainability, and operational best practices.
We began with a thorough site and market analysis, evaluating the location's strengths, accessibility, and potential customer base. This included assessing regional tourism trends, competitor offerings, and demographic profiles to gauge market saturation and demand. Working closely with the client, we refined the project concept to align with identified opportunities, ensuring it would meet the expectations of its target audience.
Financial modelling was a critical aspect of the study, incorporating development costs, projected revenues, and operating expenses. This allowed us to calculate potential returns on investment and highlight key financial risks. Operational considerations were also central to the recommendations, including staffing requirements, service offerings, and supply chain logistics. Our team identified areas for optimisation to enhance efficiency and customer satisfaction while maintaining cost-effectiveness.
The final deliverable included a detailed feasibility report and a set of tailored operational recommendations. We outlined actionable steps for implementing the project, including strategies for mitigating risks and capitalising on market opportunities. This comprehensive approach gave the client the confidence to move forward with their development, fully informed of its potential challenges and benefits. Ultimately, our work provided a solid foundation for a sustainable and successful venture in the competitive hospitality market.
מיקום הפרויקט
Torquay, United Kingdom